Posted by: Brian Powers | February 6, 2009

Fix Housing First

Many (myself included) feel the current “stimulus” plan being debated in Congress will do more to bloat the federal government than it will to truly stimulate the economy.  There are, however, some components of the plan that make sense. Once such component that receiving broad bi-partisan support is the Fix Housing First portion of the bill.

The housing crisis – plummeting property values and record foreclosure rates – is at the epicenter of the current economic recession.  An improved housing market would have the energy to be a major catalyst for a broad and sustainable economic recovery.  The Fix Housing First portion of the stimulus bill would include up to $15,000 in tax credits for homebuyers, and 30-year fixed rate mortgages of 4% – 4.5 %.

For more information:  www.fixhousingfirst.com/media-room/

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